micheal has been saving his money and wants to invest it. after doing some research has decided to invest $20,000 into certifica

Question

3 years ago

8

te of deposit

1 answer:

saveliy_v [14] · Answer 1 · 2022-05-19T22:16:37+03:00

Answer:

How much interest will michael earn on this cd in the first year, based on the nominal interest rate? $600

How much interest will Michael earn on this CD in the first year, based on the real interest rate? $200

This is correct 100%